Todays Report: Today, Randgold Resources Ltd. (GOLD) Upgrade at Citigroup Inc.

Today, Randgold Resources Ltd. (GOLD) Upgrade at Citigroup Inc.

Citigroup Inc. upgraded shares of Randgold Resources Ltd. (NASDAQ:GOLD) from a sell rating to a neutral rating in a report published on Tuesday.

Several other analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Randgold Resources from a strong-buy rating to a hold rating in a report on Wednesday, September 7th. Morgan Stanley downgraded shares of Randgold Resources from an equal weight rating to an underweight rating in a report on Monday, July 25th. Canaccord Genuity raised shares of Randgold Resources from a hold rating to a buy rating in a report on Thursday, September 1st. JPMorgan Chase & Co. raised shares of Randgold Resources from a neutral rating to an overweight rating in a report on Monday, November 7th. Finally, TheStreet downgraded shares of Randgold Resources from a buy rating to a hold rating in a report on Tuesday, October 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $101.00.

Shares of Randgold Resources (NASDAQ:GOLD) opened at 70.92 on Tuesday. Randgold Resources has a one year low of $59.08 and a one year high of $126.55. The firm has a 50-day moving average of $0.00 and a 200-day moving average of $0.00.

Randgold Resources (NASDAQ:GOLD) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.69 EPS for the quarter, missing the consensus estimate of $1.13 by $0.44. Randgold Resources had a net margin of 19.12% and a return on equity of 5.98%. Analysts expect that Randgold Resources will post $2.92 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in GOLD. Checchi Capital Advisers LLC boosted its stake in Randgold Resources by 4.7% in the second quarter. Checchi Capital Advisers LLC now owns 1,004 shares of the company’s stock valued at $112,000 after buying an additional 45 shares during the last quarter. Financial Architects Inc purchased a new stake in Randgold Resources during the third quarter valued at about $110,000. Camarda Financial Advisors LLC purchased a new stake in Randgold Resources during the second quarter valued at about $126,000. Seven Eight Capital LLC boosted its stake in Randgold Resources by 500.0% in the second quarter. Seven Eight Capital LLC now owns 1,200 shares of the company’s stock valued at $134,000 after buying an additional 1,000 shares during the last quarter. Finally, Thompson Davis & CO. Inc. boosted its stake in Randgold Resources by 512.5% in the second quarter. Thompson Davis & CO. Inc. now owns 1,225 shares of the company’s stock valued at $137,000 after buying an additional 1,025 shares during the last quarter. Hedge funds and other institutional investors own 39.58% of the company’s stock.

Randgold Resources Company Profile

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